Stephen McMillan, President and CEO of Teradata Corporation (TDC), has demonstrated a consistent pattern of selling activity over the past two years, with no recorded purchases in SEC filings. His 27 reported transactions since February 2024 exclusively involve dispositions of TDC shares, totaling approximately $17.8 million in aggregate value. The sales have occurred through both open-market transactions (coded "S") and derivative transactions (coded "F"), with notable dispositions including a $1.55 million sale on February 22, 2024, and a $1.51 million transaction on February 26, 2026.
McMillan's recent activity shows an acceleration in selling, with four transactions in early March 2026 alone, including derivative dispositions worth $622,884 on March 6 and $1.22 million on March 3. The transactions appear methodical, often clustered around quarterly periods, with February and March being particularly active months. While some filings show zero-dollar transactions (typically representing awards or adjustments), the overwhelming direction has been toward reducing his position in Teradata. The absence of any buy transactions suggests a clear directional bias toward liquidation rather than accumulation of additional shares.
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